Group executive committee as at 31 December 2012
Jacko Maree (57)
BCom (Stellenbosch), MA (Oxford),
Joined the group 1980,
appointed to exco 1995
Retired on 7 March 2013
Jacko Maree started his career with SBG in 1980 in the corporate finance department and was appointed assistant general manager, corporate finance department in 1985. In 1991 he was appointed managing director of Standard Merchant Bank Limited. In 1995, he became the managing director of Standard Corporate and Merchant Bank (SCMB, now known as CIB) and was appointed an executive director of SBSA. In 1999, he was appointed chief executive of SBG.
Jacko currently holds directorships in Standard Bank Plc and the Institute of International Finance. He retired as chief executive of SBG and stepped down from the boards of SBG, SBSA, Liberty Holdings, Stanbic Africa Holdings and Stanbic IBTC Bank on 7 March 2013.
Sim Tshabalala (45)
BA LLB (Rhodes), LLM (University of Notre Dame USA), HDip Tax (Wits),
Joined the group 2000,
appointed to exco 2001
Sim is the incoming joint group chief executive of SBG, current chief executive of SBSA, an executive director of SBG and SBSA, a director of Tutuwa Community Holdings and the chairman of BASA. Sim joined the group in 2000 in the project finance division of SCMB. From 2001 to 2006 he was managing director of Stanbic Africa, and from 2003 he served concurrently as deputy chief executive of PBB. He was appointed chief executive of PBB in 2006. In June 2008, he became chief executive of SBSA. In 2009, Sim was appointed deputy chief executive of SBG. Sim is a member of the group social and ethics committee, SBSA large exposure credit committee and the group model approval committee.
Ben Kruger (53)
BCom (Hons) (Pretoria),
CA (SA), AMP (Harvard)
Joined the group 1985,
appointed to exco 2000
Ben is the incoming joint group chief executive of SBG, and an executive director of SBG and SBSA. He is chairman of Standard Bank Plc, and a director of Stanbic IBTC Bank and Stanbic Africa Holdings. Ben joined the group in 1985 taking up various roles in SCMB. In 1998, he was appointed deputy chief executive of SCMB and chief executive of SCMB in 2001. From 2006 to 2008, he held the position of chief executive of global CIB and assumed the position of deputy group chief executive of SBG in 2009. In 2011, in his capacity as deputy group chief executive, Ben assumed responsibility for both the CIB and PBB business lines.
Peter Wharton-Hood (47)
BCom (Hons) (Wits), CA (SA),
Joined the group 1997,
appointed to exco 1999
Peter is chief operating officer and an incoming executive director of SBG and SBSA. He is a director of SBIC Investments S.A., Stanbic Africa Holdings, Standard Bank Plc, Standard International Holdings and Liberty Holdings. Peter joined the group in 1997 as head of finance and head of the financial asset services division of SCMB. In 1999, he took responsibility for the group’s bancassurance initiatives and was also appointed as head of group technology and e-commerce. In 2005, he was appointed chief executive of PBB and head of the group’s African operations. In 2006, Peter was appointed chief executive of global PBB. In 2009, Peter was appointed deputy group chief executive and he was appointed group chief operating officer in 2011.
Executive committee structure for 2013
The executive committee has been reconstituted and now comprises the joint group chief executives (Ben Kruger and Sim Tshabalala), the chief operating officer (Peter Wharton-Hood), group financial director (Simon Ridley), chief executive, PBB (Peter Schlebusch), chief executive, CIB (David Munro) and chief executive, Liberty (Bruce Hemphill).